Sticky inflation and dwindling pandemic savings couldn’t deter Americans from opening up their wallets. With jobs being added at a steady clip and wages improving, consumers went on a shopping spree in recent times.The Commerce Department stated that consumer outlays increased by 0.8% in February, its largest jump since January 2023. Consumer spending also increased a 0.2% in January, underlining the economy’s resilience.Additionally, sales at retail outlets rebounded in February after harsh winter weather ...

05 July 2022, Baden-Wuerttemberg, Rottweil: An American Express Gold Card is lying on a keyboard in ... [+] an office. Photo: Silas Stein/dpa (Photo by Silas Stein/picture alliance via Getty Images)dpa/picture alliance via Getty ImagesAmerican Express’ stock (NYSE: AXP) has gained 21% YTD, as compared to the 10% rise in the S&P500 over the same period. Further, it is currently trading at $228 per share, which is 11% above its fair value of $205 – Trefis’ estimate for American Express’ valuation. Amid the cu ...

adamdoddIntroduction American Express (NYSE:AXP) is a unique company in the consumer-facing financial services industry. It is both a card issuer and a payment network, offering unique benefits to their cardholders. They have focused on the growing influence that Millennials and Gen Z have on consumer spending habits and have focused much of their marketing attention on these demographics. This bet on these generations has partially led to record revenues and cardholders. This article will explore Ameri ...

American Express Company (AXP) recently collaborated with Hilton Worldwide Holdings Inc. (HLT) to launch an enhanced version of the Hilton Honors American Express Business Card. The new card will provide benefits and up to $240 per annum credits on qualifying Hilton purchases. It will also have a reward structure for card members to earn Hilton Honors Bonus Points on their expenditures.This move bodes well for American Express, as with this enhanced card, card members will gain by using their business expen ...

Bryan Bedder/Getty Images EntertainmentInvestment Thesis I believe that American Express (NYSE:AXP) is a buy because in my opinion it has a proven track record of strong financial performance and a business model which establishes it as one of the industry leaders. The company has a sustained dividend history with strong payout ratios, which demonstrates a management team that prioritizes sustainable returns for shareholders in my opinion. As the leader in the credit card space, I see that American Expr ...

The S&P 500 is on a tear, and one stock surging alongside it is American Express (AXP -0.03%). American Express has a long track record of success in the market, thanks to its iconic branding and positioning among consumers. The longtime Warren Buffett stock has gained almost 62% since hitting a 52-week low last October, and it now trades at a premium valuation.Here's what you should consider if you're thinking about buying American Express today.American Express' luxury appealAccording to data from WalletH ...

American Express (AXP) closed the latest trading day at $225.96, indicating a -1.38% change from the previous session's end. This change lagged the S&P 500's daily loss of 0.14%. Elsewhere, the Dow saw a downswing of 0.77%, while the tech-heavy Nasdaq appreciated by 0.17%.The credit card issuer and global payments company's stock has climbed by 7.07% in the past month, exceeding the Finance sector's gain of 4.92% and the S&P 500's gain of 5.34%.The investment community will be closely monitoring the perform ...

Core Points - The updated Platinum Card® from American Express offers numerous travel perks aimed at frequent travelers, including annual credits, airport lounge access, and exclusive hotel benefits [1][2] - Despite its high annual fee of $695, the card may provide significant value if users can effectively utilize its benefits [4][27] Features and Benefits - **Annual Fee and Welcome Offer**: The card has an annual fee of $695 and offers a welcome bonus of up to 175,000 Membership Rewards® Points after spending $8,000 in the first 6 months [4] - **Rewards Rate**: Cardholders earn 5x points for flights booked directly with airlines or through American Express Travel, and 1x points on all other purchases [4][12] - **Statement Credits**: Over $3,500 in statement credits are available annually for travel, entertainment, and dining purchases [5][19] - **Air Travel Perks**: Up to $200 in statement credits for airline incidental fees and expedited airport security access through TSA PreCheck or Global Entry [5][6] - **Airport Lounge Access**: Access to over 1,550 airport lounges, including 30 Centurion Lounges, enhancing the travel experience [7] - **Hotel Benefits**: Complimentary elite hotel status with major hotel chains and additional perks when booking through Amex Travel [8][9][10] Additional Perks - **Dining and Entertainment Credits**: Up to $400 in dining credits through Resy, $300 in digital entertainment credits, and various other retail credits [19][20] - **Insurance and Protections**: Includes trip delay and interruption insurance, car rental damage coverage, and purchase protection [16] - **Car Rental Status**: Enrollment in exclusive car rental programs for added benefits [13] Target Audience - The card is best suited for frequent travelers who can maximize its travel-focused rewards and benefits [24][25] - Users who frequently shop at partnered brands can also derive significant value from the card [26]

NEW YORK--(BUSINESS WIRE)--American Express Company (NYSE: AXP) plans to host a live audio webcast of its earnings conference call at 8:30 a.m. (ET) on Friday, April 19, 2024, to discuss first-quarter 2024 financial results. The webcast will be accessible to the general public through the American Express Investor Relations website at https://ir.americanexpress.com/. The financial results and presentation materials are scheduled to be released and posted on the website at approximately 7:00 a.m. (ET) prior ...

NEW YORK--(BUSINESS WIRE)--American Express Company (NYSE: AXP) plans to host a live audio webcast of its earnings conference call at 8:30 a.m. (ET) on Friday, April 19, 2024, to discuss first-quarter 2024 financial results.The webcast will be accessible to the general public through the American Express Investor Relations website at https://ir.americanexpress.com/. The financial results and presentation materials are scheduled to be released and posted on the website at approximately 7:00 a.m. (ET) prior t ...